Hodges Capital Management Inc. decreased its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 1,958,144 shares of the textile maker’s stock after selling 87,599 shares during the period. Hodges Capital Management Inc. owned approximately 0.12% of The Dixie Group worth $8,735,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of The Dixie Group by 4.4% in the first quarter. Wells Fargo & Company MN now owns 1,622,949 shares of the textile maker’s stock valued at $5,842,000 after buying an additional 68,139 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of The Dixie Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,091,102 shares of the textile maker’s stock valued at $3,928,000 after buying an additional 12,572 shares during the period. Boston Partners increased its stake in shares of The Dixie Group by 78.8% in the first quarter. Boston Partners now owns 505,800 shares of the textile maker’s stock valued at $1,821,000 after buying an additional 222,900 shares during the period. Russell Investments Group Ltd. increased its stake in shares of The Dixie Group by 41.2% in the second quarter. Russell Investments Group Ltd. now owns 323,120 shares of the textile maker’s stock valued at $1,454,000 after buying an additional 94,220 shares during the period. Finally, Prescott Group Capital Management L.L.C. increased its stake in shares of The Dixie Group by 51.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 192,420 shares of the textile maker’s stock valued at $693,000 after buying an additional 65,000 shares during the period. 62.49% of the stock is currently owned by institutional investors.

Shares of The Dixie Group, Inc. (NASDAQ DXYN) opened at 4.25 on Tuesday. The Dixie Group, Inc. has a 52 week low of $3.20 and a 52 week high of $5.56. The company’s 50-day moving average price is $4.42 and its 200 day moving average price is $3.90. The company’s market cap is $66.61 million.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings results on Thursday, August 3rd. The textile maker reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The Dixie Group had a negative return on equity of 1.62% and a negative net margin of 0.41%. The company had revenue of $107.20 million during the quarter, compared to analysts’ expectations of $107.60 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The Dixie Group’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that The Dixie Group, Inc. will post $0.18 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research downgraded The Dixie Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.

The Dixie Group Company Profile

The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.

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Institutional Ownership by Quarter for The Dixie Group (NASDAQ:DXYN)

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